GREY:EBGUF - Post by User
Comment by
gold_diggers1on May 19, 2018 8:59pm
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Post# 28057360
RE:I want 0.84 ENB for each share of ENF not 0.7
RE:I want 0.84 ENB for each share of ENF not 0.7ckwong wrote: I invest in ENF for its dividend. If it is exchanged to ENB. I want the same dividend income. I want the same dividend after exchange. I am not able to live on unrealized capital gain.
This is how I come up with the ratio. Each share of ENF gives me $2.256 each year. ENB has annual dividend of $2.684. To maintain the same income, I want 0.84 share of ENB.
conversion ratio aside, as per Revenue Canada rules, dont u have to report capital gain or loss on ENF once the conversion took place as if ENF shares would have been "deemed" disposed of?